News
Type: Bearish MomentumKey Levels:Resistance: 3.7128Pivot: 3.6479Support: 3.5419Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 3.6479 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 3.5419 where the swing low support is.Alternative Scenario:Alternatively, price […]
Type: Bearish MomentumKey Levels:Resistance: 116.63Pivot: 113.89Support: 101.55Preferred Case:On the H4, with price recently breaking the ascending trend channel, we have a bearish bias that price will continue to drop from the pivot at 113.89 at the swing high in line with the 50% fibonacci retracement and 61.8% fibonacci projection to the 1st support at 101.55 […]
Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework. Stefan Berger, European Parliament member and rapporteur for the MiCA regulation — the person appointed to report on proceedings related to the bill — broke the […]
Electric-truck maker Nikola Corp. NKLA, +0.85% adjourned its shareholder meeting for a second time to July 18 after a key proposal failed to pass, the company said Thursday. Nikola has sought to increase its authorized number of shares to 800 million, from the about 600 million it has, potentially to raise capital. Of those 600 […]
Digital asset exchange FTX is nearing a deal to acquire crypto lender BlockFi for $25 million, or a 99% discount to its most recent private-market valuation, according to a report in CNBC. The deal could take months to close, according to the report, but a term sheet could be signed by the end of this […]
The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value. […]